St Marys IslandUnited Kingdom
April 27, 2013
Financial Analyst, Bank Auditor, Business Developer & Entrepreneur.
Is our opportunity to bring betterment, innovations, creativity, democracy. The new applications can make a modern world expanding the financial services to the population; but the massive use of it will bring distortions and abuses. For example, the "invention" of the Credit Rating system creates the "Usury" at any level, from the single person, to companies and governments. The concept of scoring is just violated and the data system is maintained asynchronous, to expand the profits to the borrower of the moneys. The lack of law or technical regulations makes the rest; the Politicians doesn't know what they do...and technicians has to apply those rules. The financial problems in the world are many, so many are the applications to do and the technologies we can use to resolve them, but the above points of distortion and abuse are the enemies to fight, and we have to be very alert and smart to manage. From my experience, we are like the "sleeping beauty".